Government
BY ANNA MANESS
Georgetown officials propose $1.3B budget for FY 2025-26 During an Aug. 12 budget presentation, Morgan said the $1.3 billion budget includes $703.1 million for capital improvements, with $512.88 million of that set aside for water and wastewater projects. Diving in deeper At the Aug. 12 meeting, City Council members adopted a maximum property tax rate of $0.353152 per $100 valuation for FY 2025-26. General fund expenses Proposed budget: $1.3B
Georgetown City Manager David Morgan pre- sented a $1.3 billion fiscal year 2025-26 draft budget during a July 8 City Council workshop. City staff aim to maintain essential services while scaling back on offerings with limited impact or use, according to Morgan’s presentation. The big picture Six key themes officials identified for the FY 2025- 26 budget include: • Investing in public safety • Maintaining a thriving downtown as Williamson County relocates • Providing reliable water and electric services, along with askGTX and rideGTX • Maintaining strong fiscal stewardship • Investing in city staff • Investing in infrastructure like water, roads and parks
Police/fire: 54% Administrative services: 14% Parks and recreation: 11% Economic development: 6% Development and inspections: 6% Other: 9%
“This is not necessarily setting the tax rate for next year,” Georgetown Budget Manager Mayra Cantu said at the meeting. “This is setting the upper limit threshold of what we can adopt.” This approved maximum tax rate is equal to the city’s voter-approval rate, or the highest rate council can adopt without voter approval. However, the budget Morgan presented proposes setting a slightly lower tax rate of $0.353 per $100 valuation. Since the average homestead values in George- town are increasing, he expects homeowners to pay about $14 more on their tax bill annually.
SOURCE: CITY OF GEORGETOWN/COMMUNITY IMPACT
Looking ahead A public hearing for the property tax rate and the first reading of the FY 2025-26 budget will be held Aug. 26. The second reading of the budget and tax rate is scheduled for Sept. 9.
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